Envestnet Sees Q4 EPS $0.51-$0.54 Vs $0.66 Est.; Revenue $309M-$314M Vs $320.97M Est.; FY23 EPS $1.98-$2.01 Vs $2.11 Est.; Revenue $1.237B-$1.242B Vs $1.25B Est.
Portfolio Pulse from Benzinga Newsdesk
Envestnet has provided its Q4 and FY23 outlook, with Q4 EPS expected to be $0.51-$0.54, lower than the estimated $0.66, and revenue projected to be $309M-$314M, lower than the estimated $320.97M. For FY23, EPS is expected to be $1.98-$2.01, lower than the estimated $2.11, and revenue is projected to be $1.237B-$1.242B, lower than the estimated $1.25B.
November 08, 2023 | 9:21 pm
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NEGATIVE IMPACT
Envestnet's projected Q4 and FY23 EPS and revenue are lower than estimated, which could negatively impact the company's stock price in the short term.
Envestnet's projected earnings per share (EPS) and revenue for Q4 and FY23 are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100